Tax holiday for Amazon

Amazon, which earned profits of 14.834 billion in 2018, will not pay a penny of federal tax in the United States. The boss of the company and the richest man in the world, Jeff Bezos, has lived a trying week, but he can at least rejoice in this news.  Thursday, Amazon canceled the construction of new premises […]

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Justin Trudeau says no to a single tax return

 Prime Minister Justin Trudeau closed the door on the Quebec government administering a single tax return on Tuesday morning. “We are not aligned with the Quebec government on the idea of ​​a single provincial report,” he said. He argued that the Legault government’s request, backed by Andrew Scheer’s Conservatives in Ottawa, threatens a host of […]

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Cryptocurrencies are taxable goods, according to the New Zealand tax authority

A comparison between crypto-currencies and gold highlighted the similarity between the two assets. The Inland Revenue Department (IRD) of New Zealand recently stated that the buying and selling processes of gold and virtual currencies are very similar in terms of taxation. The New Zealand tax authority IRD conducted a study after which it claimed that cryptocurrencies are […]

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Canada must revise its tax system to remain competitive with the United States, says OECD

Canada must review its fiscal policies if it wants to avoid losing investment to the United States, warned Monday the Organization for Economic Co-operation and Development (OECD). In a new report, the international organization notes that recent US corporate tax cuts have “reduced the relative attractiveness of investing in Canada.” Advantage “disappeared” “The nominal rate […]

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Tax on cars: EU warning in the United States

Accused by Donald Trump of being as commercially unfriendly to the United States as China, the EU warned Washington on Monday against the disastrous consequences of any US taxes on imports of foreign cars. In a letter to the US authorities on Friday, which AFP obtained a copy of, the European Commission warns the US […]

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Single Tax Return: Justin Trudeau Closes the Door

It is not tomorrow the day before that taxpayers will complete a single tax return to be forwarded to Revenu Québec. Canada’s Prime Minister, Justin Trudeau , said on Monday that he had no intention of negotiating with the next Quebec government, which in his view would be an important abdication of federal responsibilities. Not to mention the fact […]

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Shenzhen: the fight against tax evasion takes a new step thanks to the blockchain

In order to use Blockchain technology in the fight against tax evasion, the Chinese internet giant Tencent has joined the Shenzhen tax authority. Authenticate invoices Tencent has partnered with the Shenzhen Taxation Office to establish a smart-tax lab using Cloud Computing, Artificial Intelligence, Blockchain and Big Data. This initiative facilitates tax management and optimizes tax solutions while ensuring the […]

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Poland revises cryptocurrency tax and promises smarter regulatory framework

The Polish authorities have noted the invalidity of their decision to tax cryptocurrency transactions. According to a senior finance ministry official in an interview, the department “accepts the irrational effect” of the taxation it wanted to introduce on purchases and sales of virtual currencies. Warsaw has no intention of endorsing the current tax law, before defining a global approach […]

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Azerbaijan taxes revenue from cryptocurrencies

Crypto-currencies are becoming so popular that countries around the world are looking at their intrinsic regulation. This new form of economy is subject to adapted legislation, including consideration of profits as taxable income. Azerbaijan declared, on May 5, that it would join the governments that tax the revenues generated by the cryptocurrencies. Nijat Imanov, Deputy Director General of the Department […]

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Florida, USA: Tax collector accepts Bitcoin

To democratize cryptocurrency in a series of services, a Florida tax collector has partnered with BitPay, a Bitcoin payment processor. Florida Tax Collector Licenses Bitcoin Last Monday, Joel Greenberg, a Seminole County Tax Collector, made a statement in which he said that from this summer, his office would begin to endorse the use of Bitcoin, and this, […]

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